ARK Invest CEO Cathie Wood predicts Bitcoin’s (CRYPTO: BTC) current four-year cycle drawdown to be the shallowest in its history, setting the stage for another leg higher.
Wood Expects Bitcoin To Be “Off Again”
Speaking on CNBC on Wednesday, Wood said ARK gains Bitcoin exposure primarily through its spot Bitcoin ETF, ARKB, rather than equity proxies such as Strategy (NASDAQ:MSTR).
She cited structural considerations and a preference for direct, “pure play” exposure to Bitcoin itself.
Addressing recent volatility, ARK attributed much of the weakness to an Oct. 10 flash crash linked …